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Gold/Mining/Energy : Diamond Fields International Ltd. (DFI.T)
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To: PHILLIP FLOTOW who wrote (91)9/24/2000 12:46:00 PM
From: Joe Pincus  Read Replies (1) of 141
 
Looks like the market yawned and ignored the feasability numbers. The internal rate of return(IRR) after taxes is 45% and if you take into consideration the sampling bias, then the IRR would be 133%.

Many companies would kill for numbers like this. The payback time for the capital outlay would only 16 months from the time of commercial production. If financing is obtained prior to the end of this year, then production could well begin in latter 2001. My feelings are that DFI is not well understood by the market place or perhaps investors don't think that Diamond Fields can make lightening strike twice.

For it's current market price, $1.32(C), less than one dollar US, this company is a steal. I for one believe that it is one of the safest investments to easily double as a minimum within the next 12 months. It's rival company NAMCO, is mining the seabed on DFI's boundary. The richer beds with less overburden are on the DFI claims. Namco is currently trading at $2.47(US) or $3.67(C)equivilent. Joe
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